Polar Capital Global Financials (LON:PCFT) Shares Cross Above Fifty Day Moving Average – Time to Sell?

Polar Capital Global Financials (LON:PCFT) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 199.69 ($2.52) and traded as high as GBX 206 ($2.60). Polar Capital Global Financials shares last traded at GBX 203.91 ($2.57), with a volume of 526,920 shares changing hands.

Polar Capital Global Financials Trading Down 1.2 %

The company has a quick ratio of 0.68, a current ratio of 17.44 and a debt-to-equity ratio of 12.23. The company has a market capitalization of £620.48 million, a P/E ratio of 5.42 and a beta of 0.98. The firm’s 50-day moving average price is GBX 199.69 and its 200 day moving average price is GBX 188.37.

Polar Capital Global Financials (LON:PCFT) last issued its quarterly earnings data on Thursday, February 20th. The company reported GBX 5.31 ($0.07) EPS for the quarter. Polar Capital Global Financials had a return on equity of 22.02% and a net margin of 91.44%.

Polar Capital Global Financials Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, May 9th. Investors of record on Thursday, February 6th will be given a GBX 2.20 ($0.03) dividend. This represents a yield of 1.09%. The ex-dividend date is Thursday, February 6th. Polar Capital Global Financials’s payout ratio is currently 13.31%.

About Polar Capital Global Financials

Polar Capital Global Financials Trust plc is a UK investment trust launched in July 2013, co-managed by Polar Capital’s John Yakas, Nick Brind and George Barrow. The Trust was initially launched with a fixed term life but in April 2020 moved to 5-yearly tender offers with no fixed end of life. The first of the regular tender offers will be on or before 30 June 2025.

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